Hyosung wire plant in Roost threatened with closure

Plans are in place for the closure of the Hyosung wire plant in Roost, LCGB Secretary Carlo Wagener confirmed on Wednesday, adding however that there was no final decision from the company yet.

21.09.2012

(CS/vb) Plans are in place for the closure of the Hyosung wire plant in Roost, LCGB Secretary Carlo Wagener confirmed on Wednesday, adding however that there was no final decision from the company yet.

The plant in Roost produces steel wires used in the production of tyres. The plant was owned by Goodyear until the acquisition by Korean industrial conglomerate Huyosung was finalised in 2011.

The plant currently employs 219 workers. Should production be stopped only 15 of the company's employees might be able to stay in their jobs.

Hyosung commented that the global automobile industry crisis had led to a decrease in demand for the product produced in Luxembourg.

The LCGB meanwhile hopes to be able to help employees should the worst come true. Chances for some of the employees to be taken on by Goodyear, however, were quite low, Wagner estimated.

The union has also asked for an emergency meeting with Labour Minister Nicolas Schmit and Economy Minister Etienne Schneider to address the alarming situation, and attempt to save the 219 jobs at the wire plant.